HOA warned residents that liens could be placed on properties if they don't pay
With a Fire Weather Watch in effect for Thursday, officials are urging homeowners to take action now before the next wildfire sparks.
Starting in June, State Farm will raise premiums by 17% for homeowners. If this latest request is granted, the company could push that figure as high as 30% by the year 2026.Condo owners and renters could pay a lot more, too.
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The expert witness currently has a consulting contract with the Department of Insurance where she not only has access to confidential information, but is specifically assessing rates for State Farm.
During State Farm's last meeting with the commissioner, the company says it can cover claims from the LA fires, but deemed the fires left State Farm's financial condition in a "dire" state.